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R830LVfION NO. 75-101
A RE30I.�1'P IOI1 Ol� THB C ITY COUI'�C I L OF THB C I TY OF
PALI Dfi3BRT, CALIFORNIA, AUTIi0RI2II�(3 A BUDGB'P
TRAN3FfiR A1fD AN ADVANCS PAYItHNT TO 'THB PALM DE88RT
RmB�►BLOPMEli'!' AGENCY IN T� A110UpT OF ;38 � 170 � 3UCH
PAY1[ENT TO BB TREATfiD Ag A LpAN AND REPAID NITH
INTERE3T.
The Citq Council of the City oi Palm Desert DOE3
�QtEBY RE30LV8 as follows:
That said Council authorizes the transfer ia the amount
of =3�000.00 from the Unappropriated Contingency Reserve Account
A�1557 Lo advaace to the Redevelopment Agency Account #5016; and
That said Council autt�orizes an advance in the amount
of a18,170 from said account +�5016 and in t6e arnount of a20,000
from the Gas Tax Fund #2106 to the Redevelopmeat Agencq of the
City of Palm Desert as a loan to be repaid bq said Aqency with
interest on the same at the rate of eight percent (8�) per annur►,.
PASSID� APPftOVED and ADOPTID bq the City Council this
9th day of October, 1975. by the following vote:
AYES : BRUSH, McPNERSON AfiD CLARK
NOES:
ABSENT: ASTON ANO PENSOM
AITEST :
RVEY . LBU , CIT CLE
City of Palm Desert, California